Loading...
Odaily Planet Daily News: Velo Labs has received its second strategic investment from UOB Venture Management (UOBVM), a private equity and venture capital subsidiary of Dahua Bank. The specific amount has not been disclosed yet. The market value of Dahua Bank is approximately SGD 54 billion (as of September 2024), with total assets under management exceeding SGD 500 billion. Velo Labs will provide Web3 based financial solutions and settlement networks to achieve value transfer. (Cointelegraph)